Question: We illustrated how a machine replacement problem can be modeled as a shortest path problem. This is probably not the approach most people would think

We illustrated how a machine replacement problem can be modeled as a shortest path problem. This is probably not the approach most people would think of when they first see a machine replacement problem. In fact, most people would probably never think in terms of a network. How would you model the problem? Does your approach result in an LP model?

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We would suggest shortest path method to model the machine replacement problem It is obvious ... View full answer

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